China and Argentina strengthened their relationship by collaborating on infrastructure, farming, and various projects throughout Argentina. China will be financing these projects and will lend money to Argentina. Sure China is a last resort lender but without their help Latin America would not get the help that they need.
This is a big deal because China is now viewed as a legit superpower. In the past China was a closed country and was highly selective of who they allied with. Even though this may seem like the United States is loosing it's influence, China's growing role in Latin America is a good thing because it will help the global economy.
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